Susquehanna Has Lowered Expectations for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH - Free Report) had its price objective decreased by Susquehanna from $76.00 to $59.00 in a research report released on Monday,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company's stock.

Several other research analysts also recently commented on the stock. Morgan Stanley reduced their price target on shares of Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Canaccord Genuity Group upgraded Enphase Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $82.00 in a research report on Wednesday, February 5th. Oppenheimer raised their price objective on Enphase Energy from $101.00 to $103.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. TD Cowen reduced their target price on Enphase Energy from $94.00 to $78.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group decreased their target price on Enphase Energy from $54.00 to $44.00 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $85.09.

Enphase Energy Stock Performance

Shares of ENPH stock traded up $0.79 on Monday, reaching $52.54. The stock had a trading volume of 3,144,064 shares, compared to its average volume of 3,984,234. The company has a 50 day simple moving average of $59.33 and a 200 day simple moving average of $69.28. The stock has a market cap of $6.96 billion, a P/E ratio of 71.00 and a beta of 1.94. Enphase Energy has a 1 year low of $47.48 and a 1 year high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities research analysts expect that Enphase Energy will post 2.08 EPS for the current year.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total value of $6,126,000.00. Following the sale, the director now directly owns 1,881,760 shares in the company, valued at $115,276,617.60. This trade represents a 5.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the completion of the sale, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enphase Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional acquired a new stake in shares of Enphase Energy during the 1st quarter worth approximately $29,000. Venturi Wealth Management LLC boosted its stake in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying an additional 509 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Enphase Energy in the fourth quarter worth about $47,000. GeoWealth Management LLC boosted its stake in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after buying an additional 321 shares in the last quarter. Finally, Sava Infond d.o.o. bought a new position in Enphase Energy during the 4th quarter valued at about $69,000. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.